Service tax refund to exporters via ICES now available electronically; register bank and tax code and opt in the shipping bill. Electronic service tax refunds are available to exporters via ICES on the basis of a notified schedule of rates as an alternative to document based claims. Exporters must register a bank account and central excise/service tax code with Customs using Annexure A and declare their electronic refund option and the applicable chapter/subheading in the electronic shipping bill; ICES will calculate refunds as a percentage of FOB value. Amendments via ICES/ICEGATE are permitted, refunds are disbursed through authorized banks or NEFT/RTGS, and existing drawback bank registrations may be reused subject to registration of the tax code.
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Provisions expressly mentioned in the judgment/order text.
Service tax refund to exporters via ICES now available electronically; register bank and tax code and opt in the shipping bill.
Electronic service tax refunds are available to exporters via ICES on the basis of a notified schedule of rates as an alternative to document based claims. Exporters must register a bank account and central excise/service tax code with Customs using Annexure A and declare their electronic refund option and the applicable chapter/subheading in the electronic shipping bill; ICES will calculate refunds as a percentage of FOB value. Amendments via ICES/ICEGATE are permitted, refunds are disbursed through authorized banks or NEFT/RTGS, and existing drawback bank registrations may be reused subject to registration of the tax code.
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